The intention of the bank levy is to discourage excessive short- term borrowing by the banks in their use of wholesale funding.

Name: The intention of the bank levy is to discourage excessive short- term borrowing by the banks in their use of wholesale funding.
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The bank levy is designed to encourage banks to rely less on volatile short-term funding by making it more expensive, thereby promoting financial stability.

The Intention of the Bank Levy Is to Discourage Excessive